Home / Knowledge / News / Textiles / Global benzene prices witness mixed trends last week
Global benzene prices witness mixed trends last week
12
Jun '14
In the week ending June 7, benzene prices showed upward trend in Asia, while they declined in Europe and stayed steady in US in the last week.
 
In Korea, Benzene prices went up in the last week due to strong demand and higher prices of downstream products in the region. In the early days of the last week, prices were at US$ 1275/ton, higher by US$ 5/ton as compared to the same period of its previous week. Prices were assessed in the range of US$ 1275-1305/ton FOB Korea. 
 
In Japan, Benzene prices showed similar trend as Korea in the week under consideration. Speculators assessed the spot prices of Benzene in the range of US$ 1280-1310/ton CFR Japan. It was assessed at US$ 1310/ton on June 11. 
 
In India, Benzene prices showed similar trend as Korea and Japan in the last week. Benzene prices were spotted in the range of US$ 1285-1315/ton CFR India. They were assessed at US$ 1315/ton on June 11.
 
In Europe, Benzene prices went down in the last week due to softer demand trends and a sharp fall in contract prices. In the initial days of the last week, prices were at US$ 1325/ton, lower by US$ 25/ton as compared to the same period of its previous week.
 
Prices were spotted in the range of US$ 1285-1325/ton FOB Rotterdam and on June 11 were assessed at US$ 1335/ton. Contract prices for the month of June were settled at € 977/ton CIF ARA, lower by € 71/ton as compared to the contract prices of May.
 
In US, Benzene prices were stable in the last week. Prices were assessed in the range of 445-450 (cents/gallon) FOB US. Contract prices for the month of May were settled at US$ 4.57/gallon, lower by 23 (cents/gallon) as compared to that of April and the latest price on June 11 stood at 460 (cents/gallon).
 

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 24th Jul 2017

Govt extends deadline for GST composition scheme to Aug 16

The Government on India has extended the deadline for small...

L-R: Dhanapal, JMD, Best Corporation; Prabhu Damodaran, Convenor, ITF; Narayanasamy, MD, Micro Cotspin; Senthilnathan, MD Rasitex India; and Sabapathy, MD, Prasanna Spinning Mills

Textiles | On 24th Jul 2017

TN mills seek partnership with cotton growing states

Spinning mills in Tamil Nadu are seeking stronger partnership with...

Textiles | On 24th Jul 2017

Irani terms GST as a ‘great step towards transparency’

Union textiles minister Smriti Irani has termed the Goods and...

Interviews View All

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X